Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Realtor® association, board sued over MLS merger A handful of Louisiana brokers are suing their local Realtor® association and its board over a recently approved consolidation with ROAM MLS, seeking to remove the…
A Q&A With Charis Moreno, Executive Vice President, Growth, NextHome, Inc. Brokerage ownership has changed dramatically over the past few years. Large operators are facing mounting pressure from rising technology costs, recruiting challenges, operational complexity and increasing demands from both agents and consumers. At the same time, many legacy franchise systems are struggling to evolve…
Conflict between Zillow and Compass is escalating on a new front, as Zillow-owned portal StreetEasy recently introduced a brokerage cap that directly affects the mega-brokerage. The specialized New York City portal StreetEasy recently introduced a new cap to its Experts program—an invite-only lead generation program where buyers and sellers are connected to member agents—only allowing…
Another broker lawsuit targeting MLS access rules and the National Association of Realtors®’ (NAR) “three-way agreement” was dismissed by an appellate court on Sept. 9, as challenges to these long-standing policies and structures have so far failed to advance in courthouses across the country. Lou Eytalis, a Texas broker who decried membership feeds and restrictions…
What gets people to move? That is a question every real estate professional can answer to some degree. The big picture usually includes the five Ds (divorce, death, diapers, diamonds and diplomas), which are life circumstances that (often) necessitate a home sale and/or purchase—what economists have called non-discretionary moves. But as affordability and mortgage lock-ins…
John Millen Vice President of Agent Growth and Development Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com/leadership/john-millen Regions served: Massachusetts, Connecticut, New Hampshire, Maine, Rhode Island and Florida Years in real estate: 10 Number of offices: 28 Number of agents: 800-plus Work philosophy that you live by: Get up and work…no excuses! You hit the ground running as…
Editor’s note: In this two-part series, we examine the importance of comprehensive insurance policies for homeowners across the board, and the conversations real estate professionals should be having with clients. Stay tuned for part 2, where we’ll be focusing on flood insurance specifically. It wasn’t so very long ago when acquiring insurance was nothing more…
Renting is typically the stepping stone to homebuying, but the latest data on housing affordability shows that homeownership may continue to be out of reach for many. As such, property owners can expect to see rentals remain in demand, but may have to adjust their policies to incentivize renters. One policy that can make or…
A few weeks ago, an agent on a popular social media platform asked for advice. They had reached a level of production qualifying for a higher split, they said, but a team leader claimed the new split wouldn’t go into effect until the following year. What is the industry standard, the agent asked? A cascade…
Real estate agents and brokers are using AI every day, freeing up their time to focus on building relationships and getting more face time with clients. But popping their favorite chatbot’s extension onto their browser or letting it download MLS data has a major downside: It’s putting your client’s data at major risk. If that…
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